Baker Hughes (BHI) earnings on Fri 20 July 2012

Baker Hughes (BHI, $45.68, +$3.93, +9.41%) second-quarter profit climbed 30% as the company's onshore U.S. operations helped to offset a seasonal slowdown in Canada, contributing to better-than-expected revenue. The company is a key pressure-pump customer for Gardner Denver Inc. (GDI, $53.23, +$4.06, +8.26%), which also rocketed higher in heavy volume, easing a selloff that had put shares of the pump and compressor maker down by more than a third since the start of 2012. Gardner Denver reported on Thursday that it easily beat its own second-quarter guidance.

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